The new executive spent 14 years at Merrill Lynch India before joining Nomura. He has wide experience in capital markets, both on equities and debt, corporate finance, client coverage and origination across several sectors

Global investment bank Nomura has appointed Nipun Goel as its new head of investment banking and Nitin Jain as co-head of fixed income in India. Neeraj Gambhir, who is currently heading Nomura’s credit business in India, will co-head the fixed income business with Mr Jain.

Mr Goel spent 14 years at Merrill Lynch India before joining Nomura. Mr Goel has wide experience in capital markets, both on equities and debt, corporate finance, client coverage and origination across several sectors.

Before joining Nomura, Mr Jain worked with ICICI Securities for 14 years, where he was chief executive of the primary dealership. The business he ran was consistently ranked amongst the top three fixed-income houses in India.

Mr Gambhir has 14 years of experience in Indian fixed income, currency and derivative markets. He joined Nomura in October 2008 from Lehman Brothers. He was chairman and board member of Fixed Income Money Market Dealers Association (FIMMDA) of India from 2006 to 2007.

“These appointments underscore Nomura’s focussed and ongoing build-out plans for India and highlight the strength of our platform to attract outstanding professionals. We (will) continue to build and develop our team further,” said Vikas Sharma, chief executive, Nomura India.

Nomura India received a merchant banking license in December 2008 and has a strong investment banking team presence in Mumbai providing relationship coverage, mergers & acquisitions and capital markets expertise.